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Indiana

Indiana

Incentives/Policies for Renewables & Efficiency

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Renewable Energy Property Tax Exemption   

Last DSIRE Review: 06/27/2014
Program Overview:
State: Indiana
Incentive Type: Property Tax Incentive
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Process Heat, Photovoltaics, Wind, Hydroelectric, Geothermal Electric, Geothermal Heat Pumps, Solar Pool Heating, Geothermal Direct-Use
Applicable Sectors: Commercial, Industrial, Residential
Amount:Solar energy systems used for heating or cooling: out-of-pocket expenditures by the owner for the components and labor
Wind, hydroelectric, geothermal, solar thermal, solar PV, and other solar energy systems: the assessed value of the system
Start Date:03/01/2010
Web Site: http://www.in.gov/oed/2379.htm
Authority 1:
Date Enacted:
Ind. Code ยง 6-1.1-12-26 et seq.
1975 (subsequently amended)
Authority 2:
Date Enacted:
Date Effective:
H.B. 1234
03/25/2014
07/01/2014
Summary:

Systems that generate energy using wind, hydropower, or geothermal resources are exempt from property tax, as are solar energy heating or cooling systems*. Systems using solar power devices—including solar thermal, photovoltaic (PV), and other solar energy—are exempt from property tax only if they were installed after December 31, 2011. For most eligible renewable energy systems, the assessed value of system is exempt from property tax. One exception is solar energy heating or cooling systems, which are exempt from property tax the amount equal to the out-of-pocket expenditures for the components and labor associated with the system. The property tax exemption applies to both real property and mobile homes equipped with renewable energy systems and may only be claimed by property owners.

The property tax exemption is allowed every year that a qualifying system functions. Under H.B. 1234, renewable energy systems installed after December 31, 2014, are no longer eligible for a property tax exemption if the ownership of the property changes.

Public utilities and other electricity retailers (excluding net metered customers) may not claim a property tax exemption for wind or solar power devices.

Property owners that wish to claim this deduction must fill out Form 18865 and file it with the local county auditor. Questions about this incentive should be directed to the local auditor or assessor. Click here to find contact information for local officials. The Department of Local Government Finance outlines the incentive.

Solar energy heating or cooling systems include solar energy systems used for domestic hot water and space heating, including heating of swimming pools, as well as industrial pre-heating.


 
Contact:
  Find Your Local Assessor
Indiana Department of Local Government Finance
Indianapolis, IN 46204
Web Site: http://www.in.gov/dlgf/2440.htm
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.